RE:RE:RE:EIA World Projections 2017Thanks Will. I don't think you need much of a nuclear renaissance outsaide of the two most heavily populated countries on Earth. Together they account for one third of the worlds population AND they both have high economic growth rates. That means increased demand for electricity and increased demand for Uranium. In a SightLine article last year I read that all of the units taken off line have already been replaced by new reactors operating. Therefore any new reactors are an incremental increase in demand over 2011 as are any reactors that Japan restarts. So I am not at all concerned at being a contrarian in this market. This is THE market to be in if you have a little patience and invest wisely. Looking to add more to my positions and hoping the prices stay low for a while longer. Every day I see positive Uranium news NOT reported by the main stream (and largely anti-nuclear media) and it is that disconnect from reality that will be the main driver of price in the coming years. Everyone THINKS Uranium is finished. Savvy investors KNOW it is not. Every single day another reactor years worth of Uranium is consumed by the worlds nuclear power plants and the rate of consumption is increasing. Above ground supplies will not last forever. OHI-3 just consumed 153 fuel stringers getting ready for restart. Another 50 or 60 will need to be manufactured for the next fuelling outage in 18 months time. Enrichment orders will need to be placed with enrichers to make the fuel that goes into them and that will take tailngs enrichment supply off the spot market. The pressure is starting to build and it will not take 5 minutes to restart all the lost U3O8 mine supply. This next price run up will be higher and of longer duration than the others before it. So hold on to your hats...it will be a wild ride.
Malcolm